Nasdaq Hits Record High as AI Chip Rally Lifts Tech Stocks | Honolulu Star-Advertiser
AI chip optimism lifted the semiconductor index 4.3% and pushed AMD to a $1 trillion market value for the first time.
- The Nasdaq Composite surged to a record-high close on Monday, lifted by Advanced Micro Devices, which reached a $1 trillion market capitalization for the first time.
- AI-Related stocks drove the gains, with Intel surging 12.2%, Arm Holdings rising 17%, and Meta climbing 11.4% after launching its Muse AI assistant, signaling continued expansion in AI spending.
- California Attorney General Rob Bonta confirmed Monday that Paramount Skydance reached a settlement with California and 11 other states to advance its $110 billion merger with Warner Bros Discovery.
- Market strategist Art Hogan of B. Riley Wealth said oil prices and US 10-year yields have "shifted from being headwinds to tailwinds for this market, at least in the near term."
- This week's United Nations General Assembly in New York may feature a meeting between President Donald Trump and Iranian President Masoud Pezeshkian, while a potential Chinese-US summit could address extending the trade truce.
11 Articles
11 Articles
Nasdaq hits record high as AI chip rally lifts tech stocks | Honolulu Star-Advertiser
The Nasdaq surged to a record-high close today, lifted by gains in Advanced Micro Devices and other AI heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low on speculation about a potential breakthrough in Middle East talks at a UN meeting this week.
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = As artificial intelligence (AI) related stocks surged and oil prices fell, the three major U.S. New York stock indices all... on the 21st (local time)
On the New York Stock Exchange, the Nasdaq Hit a Record High, and the Indices Closed the Day Higher.
Falling oil prices and bond yields, coupled with a rise in AI stocks, boosted indexes on the New York Stock Exchange. The Nasdaq rose 2.26 percent to 27,122.09 points, reaching an all-time high.
[Digital Daily Reporter Lee Sang-il] On the 21st (local time), the three major US stock indices in New York closed higher across the board as AI-related stocks surged and international oil prices fell. Semiconductor-related stocks, including Intel and Advanced Micro Devices (AMD), led the rise in the indices. International oil prices dropped sharply on expectations of a diplomatic solution between the US and Iran. On the New York Stock Exchange…
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
